International Monetary Fund chief Christine Lagarde said Greece won’t be given a grace period if it fails to make a payment at the end of the month as Chancellor Angela Merkel said there’s still time to reach a deal on aid.
Lagarde, whose policies were labeled “criminal” last week by Prime Minister Alexis Tsipras, said that Greece will immediately be considered in default unless it pays about about 1.5 billion euros ($1.7 billion) due to the fund on June 30.
“It will be in default — it will be in arrears vis-a-vis the IMF, yes, on July 1,” Lagarde said at a press conference in Luxembourg where euro-area finance minister meet on Thursday to discuss the deadlock over Greece. “I hope it’s not the case, I really do.” Continue reading
Not only has America been sold New Lies for Old and been lulled into a false sense of security via Soviet Perestroika Deception, it has continued a decades long capitulation to Russia’s nuclear blackmail game.
Send the money over, or… “oops, the terrorists ‘accidentally’ get a hold of the nuclear weapons grade material.”
This is how long-term plans for an American Hiroshima happen, where numerous large American cities are lit on fire from coast to coast.
What’s worse is that America is funding the Russian military modernization, even the nuclear weapons modernization. It’s helping create the rope from which itself will be hanged.
America needs not only to wake up, but act, and very soon.
Over $60 million in non-proliferation aid planned
The Energy Department plans to spend more than $60 million in Russia for nuclear security activities at the same time U.S. and European Union sanctions are punishing Moscow for aggression against Ukraine.
The Energy Department’s National Nuclear Security Administration (NNSA), which is in charge of nuclear arms and nuclear security, has budgeted the funds to be spent this year through an international organization called the Multilateral Nuclear Environmental Program in Russia (MNEPR), a little-known group, said administration officials familiar with the funding plan.
It is not clear how the funds will be used. One official said talks between U.S. and Russian officials were held earlier this year regarding a program to remove nuclear material dumped in the Arctic Ocean by the Russians as waste fuel. A second official said the funds would be used for an array of talks and other “feel good” measures on nuclear nonproliferation with the Russians. Continue reading
‘We are a Left-wing government. If we have to choose between a default to the IMF or a default to our own people, it is a no-brainer,’ says senior Greek official
Greece is drawing up drastic plans to nationalise the country’s banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands.
Sources close to the ruling Syriza party said the government is determined to keep public services running and pay pensions as funds run critically low. It may be forced to take the unprecedented step of missing a payment to the International Monetary Fund next week.
You can now add ‘drug pusher to America’ to his resume, which already includes almost breaking the British Pound, being both a convicted felon in and banned from entering France, as well as being a financial backer of the Ukrainian crisis in hopes of exploiting oil and gas opportunities.
Billionaire philanthropist George Soros hopes the U.S. goes to pot, and he is using his money to drive it there.
With a cadre of like-minded, wealthy donors, Mr. Soros is dominating the pro-legalization side of the marijuana debate by funding grass-roots initiatives that begin in New York City and end up affecting local politics elsewhere.
Through a network of nonprofit groups, Mr. Soros has spent at least $80 million on the legalization effort since 1994, when he diverted a portion of his foundation’s funds to organizations exploring alternative drug policies, according to tax filings. Continue reading